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Palm extends gains on firmer rival Dalian
KUALA LUMPUR: Malaysian palm oil futures rose for a second straight session on Thursday, supported by gains in other major vegetable oils markets, although weaker crude oil prices, ample inventories and profit-taking kept gains in check. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 29 ringgit, or 0.66%, to 4,439ringgit ($1,087.99) a metric ton at the close. The market traded higher following bullish rallies in rival Dalian during Asian trading hours as well as overnight soyoil futures in Chicago, said Anilkumar Bagani, head of research ...
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